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FB Roundup: Petr Kellner, Amancio Ortega, Keshub Mahindra

April 12, 2023

In this week’s FB Roundup, Petr Kellner’s heirs sue two years after his helicopter crash death; Amancio Ortega branches out into luxury Dublin property; and tributes are paid to former Mahindra Group chairman Keshub Mahindra.

Petr Kellner’s heirs sue following helicopter crash death
The heirs of Petr Kellner have filed a lawsuit citing “Potential negligence” after a helicopter crash caused the death of the Czech billionaire entrepreneur and four others in 2021.

Renata Kellnerova, the widow of the former richest Czech, and her family are seeking further investigation into the causes that led to the Airbus AS350 B3 helicopter crash, which took place while the group were heliskiing in Alaska's backcountry near Knik Glacier.

FB Roundup: Petr Kellner, Amancio Ortega, Keshub Mahindra

April 12, 2023

In this week’s roundup, Petr Kellner’s heirs sue two years after his helicopter crash death; Amancio Ortega branches out into luxury Dublin property; and tributes are paid to former Mahindra Group chairman Keshub Mahindra.

FB Roundup: David Fattal, Sanjeev Gupta, Ted Lerner

February 21, 2023

In this week’s FB Roundup, Israeli billionaire David Fattal buys Brighton’s Grand Hotel; Sanjeev Gupta’s GFG Alliance aims to rescue collapsed UK steel companies; and tributes are paid to baseball team owner Ted Lerner.

Israeli billionaire David Fattal buys Brighton’s Grand Hotel
Leonardo Hotels UK and Ireland, part of Israel's Fattal Group, has bought one of the UK’s most famous seaside hotels as part of an expansion into the luxury market.

Owned by the billionaire David Fattal, Leonardo Hotels UK and Ireland said it planned to “Invest significantly” in the 159-year-old Grand Hotel in Brighton in a bid to return the 201-room Victorian building to its “Iconic status”.

A steely resolve: India's Radha Smelters values in succession

August 12, 2019

Third-generation steelmakers Radha Smelters have had their fair share of ups and downs, which is why educating the next generation, mixed with on-the-job experience, is so highly prized. Nicholas Moody reports

Idemitsu Kosan and Tata Steel in wave of family mergers

July 6, 2018

The hot streak of multi-billion dollar mergers and acquisitions among major family businesses this year shows no signs of cooling with separate integrations involving Japan’s oil family Idemitsu and India’s steel family Tata.

Idemitsu Kosan, Japan’s second-largest oil wholesaler, is controlled by the founding Idemitsu family. Discussions have resumed with the country’s fourth-ranked rival refiner Showa Shell Sekiyu for a “business integration to enhance the corporate value of both companies,” Idemitsu Kosan said.

FB Roundup: Bertelsmann, Maersk, and Tata Steel

June 24, 2016

Bertelsmann commits to UK after Brexit; Maersk appoint new CEO, may break up company; and Brexit scuppers Tata Steel's efforts to maintain operations in the UK

Bertelsmann commits to UK after Brexit

German media group Bertelsmann says it will remain committed to all its investments in the UK and acknowledges “with regret” the British electorate’s decision to leave the European Union, according to a company statement.

The Gütersloh-headquartered firm, controlled by the Mohn family, said Britain’s exit from the EU raises political and economic uncertainties for the firm, but added that its fourth-largest market would remain very important.

Family business round-up: Heineken, Tata Steel and Fidelity Investments

June 10, 2016

Dutch family brewer Heineken, owned by the eponymous family, has announced long-rumoured plans to enter Formula 1 with a major multi-year sponsorship deal.

Dutch family brewer Heineken, owned by the eponymous family, has announced long-rumoured plans to enter Formula 1 with a major multi-year sponsorship deal.

The deal to begin next year will include track branding and title sponsorship of the Italian Grand Prix, held in early September.

Greybull predicts year one profits for Scunthorpe steel works

April 14, 2016

Greybull Capital, the British family office that purchased Tata Steel’s European Long Products division this week, expects to return the loss-making business to profitability within one year, despite intense pressure from Chinese rivals.

The statement from Marc Meyohas, co-founder of Greybull Capital and former CEO of Cityspace, comes shortly after the family office announced plans to buy Tata Steel’s Scunthorpe-based plant, saving 4,400 jobs.

FB Roundup: Tata Steel, Lotte Group, and Monarch

April 1, 2016

Tata Steel considers selling British plants; Lotte founder loses seat on board; and Greybull Capital mulling sale of Monarch Airlines

Tata Steel considers selling British plants

Tata Steel, one of the largest steelmakers in the world, is considering the sale of its entire UK business after heavy losses.

According to a company statement from the family-controlled conglomerate, the increase in Chinese imports, coupled with slow demand, has caused the price of steel in Europe to plunge by half since 2011.

FB Roundup: Tata Steel and Maersk Line

February 26, 2016

Tata Steel announces leadership changes in Europe and Maersk sees rise in Asia trade volume

Tata Steel announces leadership changes in Europe

Karl Koehler, chief executive officer and managing director of Tata Steel Europe, has decided to step down as a director in order to take up a senior position in a large privately-owned industrial company in Germany.

Koushik Chatterjee, group executive director and member of the boards of Tata Steel and Tata Steel Europe, will take on the role of executive director for Europe in addition to his current responsibilities.